Is there anyone who invests in cryptocurrencies? I'm curious about the process of buying USDT or other stablecoins using Indian Rupees (INR), and also how to convert them back to INR.
After the crypto tax rule, it is best to avoid crypto investments in India. Then there are new RBI guidelines for storing credit card information that most foreign wallets and exchanges are not compliant with. You would be better off with equities and mutual funds if only investment is your goal. If you really need to put money in crypto, try some p2p trading platform, they offer competitive pricing from time to time and usually accept local paying methods like UPI or cash. I used to buy/sell on localbitcoins but I think it is now closed. Another p2p is available in binance and they are not going away anytime soon. But you will need to provide your pan details so crypto tax becomes unavoidable. If the transaction amount is big, get a nomad visa of portugal, start filing your taxes over there and do crypto transactions in portugal. There is no crypto tax in portugal for individuals and if you are a professional investor, tax is reasonable too.
Thanks for the information
You can do that from binance or other exchanges
Time to invest in Cryptos is coming in next 3-5 months as we go near to Bitcoin Halfing. Wanted to ask these questions from the operational standpoint.
I am looking to convert my investments in crypto into USD / Rs. I have put my coins in my ether wallet. What is the best way to convert them into USD / Rs., so that I can use them.
Have you guys invested in cryptocurrency on a serious note for investment purpose?
Which is the most reliable and safe exchange for Indians?
I’m planning to put some money in crypto for long term, say 5-10 years
Share your opinion please
